LATAM crypto news: Nubank tests stablecoin; Tether halts $500M project

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By Invezz Markets

6 months ago

Article Summary

Latin America’s crypto scene continues to evolve, with new products and regional expansions highlighting its rapid growth. [https://invezz.com/wp-content/uploads/2025/02/latam-febcrypto-invezz.jpg] This week’s top stories in LATAM’s crypto scene include both expansion and retreat: Nubank, the region’s largest digital bank, has revealed plans to test stablecoin payments using credit cards, indicating a further integration of blockchain with traditional finance. Meanwhile, Tether announced that it is delaying a $500 million investment in Uruguay owing to rising energy costs, reshaping the country’s hopes to become a regional hub for crypto and renewable infrastructure. NUBANK MOVES TOWARD STABLECOIN PAYMENTS Nubank, Latin America’s largest digital bank, plans to integrate US dollar-pegged stablecoins into its credit card payment system. Roberto Campos Neto, the bank’s vice president and former governor of Brazil’s central bank, made the news at the Meridian 2025 event. He stressed blockchain’s importance in linking crypto assets and traditional banking, and stated that Nubank will begin testing credit card payments using stablecoins as part of this overall goal. The move comes as stablecoins gain ground in the region, fueled by excessive inflation and currency instability. Stablecoins…

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Published:September 20, 2025 at 01:09 PM

Source:Invezz Markets

Category:News

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